Showing posts with label Market News. Show all posts
Showing posts with label Market News. Show all posts

Monday, January 14, 2013

Market Cues: Nifty Trend and Stock Tips Today

Market is in a good position after facing a couple of flat trading session. Today nifty gain 5998 level in its early trade. Currently it is trading at 5969 level up by 16 points. All blue chip levels are in a buying position. Infosys got more then 115 points today and set as a top gainer of the day. The European equities stalled, with weak economic data from the United States and concerns about the scope for more stimulus in China giving investors the excuse to lock in profits on a new year rally to multi-month highs.

Nifty Trend For Today:
Current trend for nifty suggest that nifty will cross 6000 level today. But below the 5920 level it might get check the 5880 level also. Else if it get the 6000 level in today's trading session it may get 6200 level very soon. Current trend for nifty is volatile to bullish. 

Stock Tips For Today:
  • BUY Praj Industries Ltd. for Short Term Target of 59 and Stop Loss at 45
  • BUY Geometric Ltd. for Short Term Target of 120 with a Stop Loss of 107
  • SELL Jubilant Foodworks Ltd. for Intraday Target at 1200 with a Stop Loss of 1250
  • BUY GTL Infrastructure Ltd. For mid Term Target of 5.0 and a Stop Loss at 3.70
For More Stock Tips and Intraday Tips Please Fill The Free Trial Form.

Thursday, January 10, 2013

Positional Stock Tips and Nifty Trend For Today: 10th Jan '13

In my previous post we suggest that nifty will make a come back. as the trend suggest nifty closed on a down trend yesterday, But it open with a buying pressure today in its early trade. Globle market also allowed Nifty to trade in a bullish trend today. In the US, markets ended modestly higher in thin trading, recovering losses from the last two sessions, after Dow component Alcoa kicked off the fourth-quarter earnings season with a guidance upgrade. In key data to watch out for in the US today, weekly jobless claims are expected to slip to 362,000 the market would also keep an eye on wholesale trade data.

Nifty Trend For Today:
For Today Nifty is looking to get 6050 level. Although it has a strong support level at 5960 level and after that 5920 in deeper. But the current resistance allows nifty to get its first resistance at 6050 level and after that 6080 level. Nifty is bullish. So make a fresh position in it.

Positional Stock Tips For Today:
Axis Bank
Axis bank has the largest exposure to the SME sector amongst private banks and FY14 could see a cyclical reversal in SME asset quality stress which will be a positive for axis. But axis bank to get  a long term target of 1615.

Sintex Industries:
Margins are likely to improve this quarter, driven by improved capacity utilization especially in the domestic custom molding business. Adjusted for forex losses, bottom line is likely to grow 13 percent year on year to over Rs 80 crore, buy to get the target of 100.

ONGC
Upstream companies seem relatively better placed if the recent spate of news on diesel price hikes and deregulation works out. In case of diesel deregulation, ONGC's fair value would be 428 rupees a share. We suggest a Positional buy to get the target of 350.

Wednesday, January 9, 2013

Share Tips and Nifty Today : 9th Jan '13

As the market indicates a flat mode in last trading. Nifty closed on 6002 level. Current market trend suggest that India remains an attractive investment destination even as taxation uncertainties pose a challenge, according to global consultancy Deloitte. A survey of investors, spread across various segments, conducted by Deloitte also found that investors were looking for more clarity on certain tax issues.

Nifty for Today:
Nifty is looking attractive in current scenario. Although it is trading in flat value in its last 2-3 days, but looking bullish in near term. Now Nifty has a support level at 5940 below that 5910 will be the second but in upside it is ready to move to 6050 level and then 6090 level soon. Buy is suggested.

Stock Tips Today:
Hexaware Technilogies:
The downtrend is not over; it is surprising a small rally apparently was a bear market rally. There is more downside here probably Rs 85 or even lower, so Hexaware remains a short sell.

Havells India:
Havells India has been identified when it was at Rs 480, now it is at Rs 650. What the stock is doing is it is going up slowly and steadily. Again at Rs 650 it is just willing to breakout from a trading range that means new highs for the stock

Bharat Heavy Electricals Ltd. (BHEL):
The stock has managed to exceed the falling resistance line from its 2010 highs, which confirms the medium-term trend reversal. The stock is also currently trading above its long-term averages and has a very strong support at Rs 240 on the downside.

Please Fill The Free Trial Form For Proper Target and Stop Loss or Click Here- Stock Tips

Tuesday, January 8, 2013

Stock Market Today: Nifty Trend and Stock Tips For 8th Jan '13

Today again market starts with a lower trend. After a critical evening session of last days market is still facing a down trend. Investment banking major Credit Suisse today said political developments will be the key driver for markets in India and expects the Nifty at 5,600 by the end of this year, down from the current over-6000 points.

Nifty For Today:  
Nifty is trading at 5984 level down by 4.4 points still look in a flat mode today. Currently nifty is looking in a sell position. Yesterday nifty closed on a slight bear mode. For today nifty's first resistance is at 6020 level and next is at 6060 level. In down side Nifty support levels are 5940 and 5900 level. 
Nifty is below 6000 level but still it is in a bull territory. If nifty retain this 6000 level position then there is a probeblity to get the 6100 level in 2-3 tradingg session but if nifty fell back to 5945 level then it will be a first alert for traders.

Stock Tips For Today:
Buy Jain Irrigation with a target of 84.
Buy Prakash Industries with a target of 53.50.
Buy Colgate Palmolive on dips.
Buy Petronet LNG on lower levels.
Please Fill The Free Trial Form For Proper Target and Stop Loss or Click Here- Stock Tips

Monday, January 7, 2013

Intraday Tips For Today: Share Market Today

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Share Market Today:
Indian markets to get a flat-to-cautious start of the new week. The Indian markets remained in consolidation mood in last session, though major indices were able to enter the green in last but the better than expected manufacturing data was unable to make much impact and the traders largely concentrated on the US development where there were talks of Fed not continuing the bond buying programme for long. Today, the start is likely to be cautious as the regional markets are trading mixed and traders will be eyeing important events like IIP numbers and result announcements starting with IT bellwether Infosys later in the week. Though, there is not much expectations from the December quarter but some companies may surprise with better topline. Meanwhile, the PSU oil & gas companies will keep buzzing as the oil ministry has moved two separate cabinet notes - one to raise cap on supply of subsidised cooking gas cylinders and the other to increase fuel prices, particularly diesel, by less than a rupee per month to pair it with market rates and eventually deregulate it in next 15 months. While, there is some good news for the auto stocks, as it has been reported that in the Budget 2013-14 the Heavy Industries Ministry may pitch for lowering excise duty on two-wheelers and motor vehicles, especially small cars in order to boost sagging demand.

Intraday Tips For Today:

  • SELL YES Bank Ltd. for Intraday Target of 487 and a Stop Loss at 494
  • BUY Strides Arcolab Ltd. for Intraday target of 1090 and Stop Loss at 1068
  • SELL Axis Bank Ltd. for Intraday Target of 1350 with a Stop Loss of 1388.

Friday, January 4, 2013

Market Ends on Flat Trend: Nifty is above 6000

The NSE 50-share Nifty closed the week above the 6000-mark and the Sensex rose 1.8 percent to close the week at 19767, as oil companies such as ONGC rose on hopes a proposed change in the government's pricing formulas would boost gas prices, while IT stocks rose on expectations for a better 2013. Business at the end of the fourth day I was strong recovery in the market. 19 784 19 points higher Sensex and Nifty closed at 6016 up by 7 points.

After showing a slowdown in midcap stocks come shopping and Nifty gained 0.3 per cent. Light up the whole business appeared in small stocks and BSE Smallcap gained 0.35. Cabinet note on increasing diesel oil being released by the Ministry of Oil and Gas shares rose 1 percent. Government stocks also gained 1 percent.

For the day, the BSE index provisionally gained 0.02 percent, while the 50-share NSE index ended up 0.11 percent, both marking their highest closes since January 2011. Motilal Oswal said Oil India, Oil and Natural Gas Corp, and Reliance Industries would be the biggest beneficiaries of the proposed formula, which involves volume-weighted international prices for gas producers.

Indian Oil Corp closed up 5.9 percent, Hindustan Petroleum Corp gained 4 percent, while Bharat Petroleum Corp closed up 3.2 percent.

Thursday, January 3, 2013

Positional Stock Tips For Today: 3rd Jan

Key equity indices rose for the second consecutive session to finish at two-year highs Wednesday, as investors across the globe cheered the resolution of the US fiscal crisis. Currently Nifty is on uptrend today trading at 6000 level. here are some stock suggestions for positional trading.

Stock Tips For Today
Infosys
Delays in deal closures and cuts in spending in some of its banking clients are likely to result in lower growth than earlier expected. The company could lower its fy13 revenue guidance by 2% and EPS guidance by 4-5%. We suggest a buy in Infosys to get the target of 2600 for long term.

NMDC
NMDC is currently in consultation with KPMG to develop a pricing formula for monthly iron ore prices and this is expected to be finalised soon. This could lead to a rebound in prices in the coming months. Buy is suggested for long term with a target of 210.

Reliance Industries:
The company could see an 8% dip in profits in Q3 on the back of a sequential fall in GRMs and a plunge in KG-D6 gas volumes. The fourth quarter looks worse, given a major planned shutdown and a further dip in gas volumes. we suggest a sell in Reliance Industries for short term with a target of 820.

Coal India
New allocation rules could mean that coal India will have to pay for all coal block allocations from here-on. Although it has a support near 310 level. Having a resistance at 400 for long term one can go for a sell in Coal India with a target of 320 level.

Wednesday, January 2, 2013

Nifty Checked 6000 Level Today: Sensex up 175 points

The benchmark 50-share Nifty topped the psychological 6000-mark as markets across Asia rallied on the US “fiscal cliff” being averted. The US Congress approved a tax increase on Tuesday targeted at wealthy households in a budget deal that should stop the economy from slipping into a recession.

The Nifty was up 54 points at a 2-year high of 6005, and the Sensex rose 171 points to 19751. Market experts however cautioned against buying into the rally.

The Market Reports suggest Indian markets in the U.S. Fiscal Cliff subject of concern for the good news. Increased flow of money into the Indian markets FIIs raise money. America, Europe, the situation has improved in developed countries and developing countries like India will benefit foreign capital into the domestic market.

Consumer durables, capital goods, metal, oil & gas, banking, power and government stocks has been rose 1.5 to 1 per cent. Realty, auto, technology, healthcare and IT stocks are strong from 0.8 to 0.3 per cent. FMCG stocks are sluggish.

Nifty stocks, JP Associates, PNB, BHEL, IDFC, Sesa Goa, Axis Bank, Maruti Suzuki, Jindal Steel, HDFC, Ambuja Cement, Bajaj Auto, GAIL, Siemens, Kotak Mahindra Bank, L & T, Hindalco, Cipla rose by 3 to 1.5 percent.

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